BERWYN, Pa., Nov. 3, 2011 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Kevin C. Coleman as Vice President - Investor Relations. He most recently has served as Director, Corporate Strategy & Development in AMETEK's Corporate Office.
"I am pleased to announce Kevin's promotion to Vice President," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "He has done an outstanding job in Corporate Strategy & Development and played a key role in the success of our acquisition strategy."
"Kevin brings to his new position a strong background in finance as well as a deep understanding of AMETEK and our growth strategies that will prove extremely helpful in effectively presenting AMETEK to the investment community," adds Mr. Hermance.
Mr. Coleman joined AMETEK in 1994 as part of its Financial Management Development program, where he held several rotational assignments within AMETEK. Upon completion of the financial management development program in 1997, Mr. Coleman joined AMETEK's Internal Audit Group as a Senior Internal Auditor. In 1998, he was promoted to Manager, Corporate Development, a position he held until 2000.
From 2000 to 2006, Mr. Coleman held positions with Condor Investment Capital LLC, Osage Industries and finally at Unisys Corporation where he was Director, Corporate Strategy & Development, a position he held until his return to AMETEK in 2006.
Mr. Coleman holds a Bachelor's of Science degree in Accounting and a Master's degree in Business Administration. Both degrees are from Villanova University. He also is a member of the Board of Directors of the Association for Corporate Growth.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.0 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include AMETEK's ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK's ability to successfully
develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact: William Burke (610)-889-5249
SOURCE AMETEK, Inc.